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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues:    
Principal transactions $ 139 $ 132
Interest income 1,053 827
Total revenues 3,520 3,027 Close
Interest expense (507) (241) Close
Net revenues 3,013 2,786
Non-interest expenses:    
Compensation, commissions and benefits 1,921 1,736
Non-compensation expenses:    
Communications and information processing 150 139
Occupancy and equipment 72 66
Business development 61 56
Investment sub-advisory fees 40 34
Professional fees 32 32
Bank loan provision for credit losses 12 14 Close
Other 95 57
Total non-compensation expenses 462 398
Total non-interest expenses 2,383 2,134 Close
Pre-tax income 630 652
Provision for income taxes 132 143 Close
Net income 498 509 Close
Preferred stock dividends 1 2
Net income available to common shareholders, basic 497 507
Net income available to common shareholders, diluted $ 497 $ 507
Earnings per common share – basic (in usd per share) $ 2.38 $ 2.36
Earnings per common share – diluted (in usd per share) $ 2.32 $ 2.30
Weighted-average common shares outstanding – basic (in shares) 208.6 214.7
Weighted-average common and common equivalent shares outstanding – diluted (in shares) 213.8 220.4
Net income $ 498 $ 509
Other comprehensive income/(loss), net of tax:    
Available-for-sale securities 270 47
Currency translations, net of the impact of net investment hedges 29 46
Cash flow hedges (21) (2)
Total other comprehensive income, net of tax 278 91
Total comprehensive income 776 600
Asset management and related administrative fees    
Revenues:    
Revenue from contract with customer 1,407 1,242
Total brokerage revenues    
Revenues:    
Total brokerage revenues 522 484
Securities commissions    
Revenues:    
Revenue from contract with customer 383 352
Account and service fees    
Revenues:    
Revenue from contract with customer 319 289
Investment banking    
Revenues:    
Revenue from contract with customer 181 141
Other    
Revenues:    
Revenue from contract with customer $ 38 $ 44